tax implication if my SMSF borrow money from my parents

Question

Bruce4Tax · Accepted Answer

SMSF is only allowed to borrow under the LRBA rules. https://www.ato.gov.au/Super/Self-managed-super-funds/In-detail/SMSF-resources/SMSF-technical/Limited-recourse-borrowing-arrangements---questions-and-answers/ You should not enter into an LRBA arrangement unless you have obtained proper financial advice from a licensed advisor. If you get it wrong, you could end up with your SMSF made non-complying - and yourself disqualified from being a trustee.

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